Model N Inc. (NYSE:MODN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Model N, Inc. provides revenue management solutions for the life science and technology industries. It develops applications, such as managed care and government pricing for life science companies; and channel incentives based on design wins for technology companies. In addition, it offers implementation, managed, strategic, and customer support services. Model N, Inc. is headquartered in Redwood Shores, California. “

Other equities analysts also recently issued reports about the company. JMP Securities downgraded Model N from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 9th. Deutsche Bank AG restated a “buy” rating and issued a $16.00 price objective (down from $18.00) on shares of Model N in a report on Tuesday, August 9th.

Model N (NYSE:MODN) opened at 10.75 on Tuesday. The company has a 50-day moving average price of $10.97 and a 200-day moving average price of $11.64. Model N has a one year low of $9.19 and a one year high of $13.98. The firm’s market capitalization is $297.42 million.

Model N (NYSE:MODN) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.04. Model N had a negative return on equity of 37.01% and a negative net margin of 29.19%. The firm had revenue of $27.90 million for the quarter, compared to analyst estimates of $27.34 million. During the same period last year, the company earned ($0.08) EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities research analysts anticipate that Model N will post ($0.66) EPS for the current year.

In related news, SVP Eric Carrasquilla sold 4,031 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $10.61, for a total transaction of $42,768.91. Following the sale, the senior vice president now directly owns 59,691 shares in the company, valued at approximately $633,321.51. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 20.90% of the company’s stock.

Several large investors have recently made changes to their positions in MODN. Teachers Advisors Inc. increased its stake in shares of Model N by 0.3% in the second quarter. Teachers Advisors Inc. now owns 33,699 shares of the company’s stock valued at $450,000 after buying an additional 92 shares during the last quarter. BlackRock Advisors LLC increased its stake in Model N by 1.4% in the second quarter. BlackRock Advisors LLC now owns 10,930 shares of the company’s stock valued at $146,000 after buying an additional 148 shares in the last quarter. American International Group Inc. increased its stake in Model N by 4.4% in the second quarter. American International Group Inc. now owns 12,789 shares of the company’s stock valued at $171,000 after buying an additional 534 shares in the last quarter. Nationwide Fund Advisors increased its stake in Model N by 4.4% in the second quarter. Nationwide Fund Advisors now owns 14,517 shares of the company’s stock valued at $194,000 after buying an additional 610 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Model N by 9.1% in the second quarter. Rhumbline Advisers now owns 21,395 shares of the company’s stock valued at $286,000 after buying an additional 1,791 shares in the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

About Model N

Model N, Inc is a provider of revenue management cloud solutions for life science and technology companies. The Company’s solutions enable its customers to manage revenue compliance risk. The Company’s solutions include Revenue Enterprise Cloud, Revenue Intelligence Cloud and Revvy. The Company provides solutions that span the organizational and operational boundaries of functions, such as sales, marketing and finance, and serve as a system of record for revenue management processes, including pricing, contracts, rebates, incentives and regulatory compliance.

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